United States NY Empire State Manufacturing Index

The New York Empire State Manufacturing Index in the United States 7.6 points from the previous month to 3.9 in January of 2019 and below market expectations of 10.75. The reading pointed to the lowest gain in manufacturing in the NY state since May 2017, as new orders (3.5 from 13.4), employment (7.4 from 17.5), shipments (17.9 from 20.3) and prices paid (35.9 from 39.7) slowed. Additionally, inventories dropped (-7.6 from 7.1). Meanwhile, average workweek (6.8 from 6.7) and prices received (13.1 from 12.8) rose at a faster pace. Looking ahead, firms were less optimistic about the six-month outlook than in December. NY Empire State Manufacturing Index in the United States averaged 8.82 Index Points from 2001 until 2019, reaching an all time high of 39 Index Points in April of 2004 and a record low of -34.40 Index Points in February of 2009.

NY Empire State Manufacturing Index in the United States is expected to be 19.00 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate NY Empire State Manufacturing Index in the United States to stand at 15.00 in 12 months time. In the long-term, the United States NY Empire State Manufacturing Index is projected to trend around 10.00 Index Points in 2020, according to our econometric models.

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United States NY Empire State Manufacturing Index

New York Empire State Manufacturing Index is based on data compiled from the survey of 200 executives from the companies in the manufacturing sector in the New York State. Participants report the change in 11 indicators including level of general business activity, new orders, shipments, inventories, number of employees, delivery time, capital expenditure from the previous month and the likely direction of these indicators in six months. A reading above 0 indicates manufacturing activity is expanding, below 0 is contracting.
. This page provides the latest reported value for - United States NY Empire State Manufacturing Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States NY Empire State Manufacturing Index - actual data, historical chart and calendar of releases - was last updated on January of 2019.